explain the fisher's equation of exchange.
Answers
Explanation:
It is obtained by multiplying total amount of things (T) by average price level (P). Thus, Fisher's equation of exchange represents equality between the supply of money or the total value of money expenditures in all transactions and the demand for money or the total value of all items transacted. ... P is the price level.
Answer:
it is obtained by multiplying total amount of things (T) by average prize level (P) thus Fisher equation of exchange represent equality between the supply of money or the total value of money expenditures or money in all transactions and the demand for money or the total value of all item transacted...
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